The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term deb of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.55 million. The 2021 income statement showed an interest expense of $155,000. The 2020 balance sheet showed $490,000 in the common stock account and $2.2 million in the additiona paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. The company paid out $400,000 in cash dividend during 2021. Suppose you also know that the firm's net capital spending for 2021 wa $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term deb of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.55 million. The 2021 income statement showed an interest expense of $155,000. The 2020 balance sheet showed $490,000 in the common stock account and $2.2 million in the additiona paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. The company paid out $400,000 in cash dividend during 2021. Suppose you also know that the firm's net capital spending for 2021 wa $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.9 million, and the 2021 balance sheet showed long-term debt of $6.15 million. The 2021 income statement showed an interest expense of $200,000. The 2020 balance sheet showed $580,000 in the common stock account and $3.5 million in the additional paid-in surplus account. The 2021 balance sheet showed $620,000 and $3.9 million in the same two accounts, respectively. The company paid out $570,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,440,000 and that the firm reduced its net working capital investment by $83,000. what was the firm's 2021 operating cash flow, or OCF?
The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. The balance sheet also showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. You also know that the firm's net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? Input area: Dec. 31, 2020 Long-term debt Dec. 31, 2021 Long-term debt Interest expense Dec. 31, 2020 Common stock Dec. 31, 2020 Additional paid-in surplus Dec. 31, 2021 Common stock Dec. 31, 2021 Additional paid-in surplus Cash dividends 2021 Net capital spending Change in net…
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.2 million, and the 2021 balance sheet showed long-term debt of $5.45 million. The 2021 income statement showed an interest expense of $170,000. The 2020 balance sheet showed $520,000 in the common stock account and $5.5 million in the additional paid-in surplus account. The 2021 balance sheet showed $560,000 and $5.7 million in the same two accounts, respectively. The company paid out $415,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,380,000, and that the firm reduced its net working capital investment by $71,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Answer is complete but not entirely correct. Operating cash flow 311,900 X $
The 2020 balance sheet of Osaka’s tennis shop, incorporated, showed long-term debt of $3.5 million, and the 2021 balance sheet showed long-term debt of $3.75 million. The 2021 income statement showed an interest expense of $160,000. The 2020 balance sheet showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account. The 2021 balance sheet showed $540,000 and $3.5 million in the same two accounts, respectively. The company paid out $405,000 in cash dividends during 2021. Suppose you also know that the firm’s net capital spending for 2021 was $1,360,000, and that the firm reduced its net working capital investment by $67,000. Operating cash flow?
The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $6.2 million, and the 2019 balance sheet showed long-term debt of $6.45 million. The 2019 income statement showed an interest expense of $215,000. The 2018 balance sheet showed $610,000 in the common stock account and $2.5 million in the additional paid-in surplus account. The 2019 balance sheet showed $650,000 and $3 million in the same two accounts, respectively. The company paid out $610,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) t Operating cash flow 3 F5 F6 ences Mc Graw :0 F2 20 F3 000 F4 ◄◄ F7 ▶11
The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. During 2021, Osaka’s Tennis Shop, Incorporated, realized the following: Cash flow to creditors –$ 105,000 Cash flow to stockholders $ 209,000 Suppose you also know that the firm’s net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2021 operating cash flow, or OCF?
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According to the balance sheet of Free Inc, at the end of the 2020 fiscal year, the cash balance is $200,000, account available balance is $500,000, inventory balance is $750,000; the net fixed asset is $1,500,000. On the other side, the account payable is $250,000, the accrual $40,000, the notes payable is $300,000, long-term debt is $510,000, common stock is $1,200,000, retained earnings is $650,000. The net income is $500,000; the interest payment is $45,600; the tax rate is 25%. The weighted average after tax cost of capital is 9%. Please calculate the NOWC.
According to the balance sheet of Free Inc, at the end of the 2020 fiscal year, the cash balance is $200,000, account available balance is $500,000, inventory balance is $750,000; the net fixed asset is $1,500,000. On the other side, the account payable is $250,000, the accrual $40,000, the notes payable is $300,000, long-term debt is $510,000, common stock is $1,200,000, retained earnings is $650,000. The net income is $900,000; the interest payment is $45,600; the tax rate is 25%. If the sales is $10,000,000, what is the operating margin?b. 13.26%c. 11.45%d. 10.66%
According to the balance sheet of Free Inc, at the end of the 2020 fiscal year, the cash balance is $200,000, account available balance is $500,000, inventory balance is $750,000; the net fixed asset is $1,500,000. On the other side, the account payable is $250,000, the accrual $40,000, the notes payable is $300,000, long-term debt is $510,000, common stock is $1,200,000, retained earnings is $650,000. The net income is $900,000; the interest payment is $45,600; the tax rate is 25%. Find ROE.a. 49%b. 31%c. 34%d. 75%
Bernard King Co.'s (BKC) balance sheet shows $7150 in long term debt at the end of 2020. BKC paid $740 in interest during 2020 and cash flow to creditors for 2020 was -$850. How much long term debt was on BKC's balance sheet at the end of 2019?
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $6.5 million, and the 2021 balance sheet showed long-term debt of $6.7 million. The 2021 income statement showed an interest expense of $230,000. During 2021, the company had a cash flow to creditors of $30,000 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firm's net capital spending for 2021 was $1.50 million and that the firm reduced its net working capital investment by $95,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow

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